Site A, Chalkdell Drive, Shenley Wood, Milton Keynes,  MK5 6FE

A 7.18-acre development site allocated for employment uses within Use Classes B1 (now E(g)), B2 and B8.

Location

Situated in Shenley Wood, approximately two miles south -west of Central Milton Keynes, the site sits to the west of and fronting Chalkdell Drive with return frontage to Foxcovert Road.

Access to the A5 is either from Portway Roundabout, c. 1.5 miles to the north -east, or Redmoor Roundabout, c. 2.5 miles to the south -east.

Junction 14 of the M1 motorway lies approximately 5 miles to the east and can be accessed via the A509 (the H5 Portway).

Milton Keynes Central railway station is just over 1.5 miles to the north - east. Typically, there are seven trains per hour to London Euston and four per hour to Birmingham New Street with average travel times of 46m and 1h 28m respectively.

Terms

Offers for employment uses conditional on planning are invited for the freehold interest in the site.

MKDP's disposal mechanism is as follows:

1. Agreement for lease conditional on planning requiring a planning application, to be approved by MKDP, is submitted within six months of exchange.
2. 125-year building lease, with the purchase price payable by way of a premium, on the grant of planning permission, obliging the developer to practically complete the approved scheme within an agreed timeframe.
3. Transfer of the freehold for a nominal sum after practical completion of the approved scheme.